Chinese A-share memory chip stocks continued their upward trajectory, following Samsung Electronics' announcement that second-quarter DRAM contract prices are set to increase by approximately 30% compared to the previous quarter. Consumer electronics also saw active trading, with foldable screen stocks leading the gains. Reports indicate that Foxconn has begun trial production of a foldable iPhone for Apple.
On April 7, A-shares experienced volatile trading in the morning session with an overall upward trend. The three major indices opened higher, with the ChiNext Index briefly rising over 1%. The petrochemical sector saw a significant breakout, driving strong gains in chemical raw materials and chemical fibers. Memory chips and lithium battery stocks were active during the session, while pharmaceutical shares underwent a collective adjustment.
In the bond market, government bond futures showed divergent trends, with the 30-year primary contract recording gains. In commodities, domestic futures were mixed. The containerized freight index, fuel oil, and crude oil led the gains, while polysilicon declined.
Core Market Movements:
A-Shares: As of writing, the Shanghai Composite Index was up 0.47%, the Shenzhen Component Index rose 0.65%, and the ChiNext Index advanced 0.61%.
Hong Kong Stocks: The market was closed today.
Bond Market: Government bond futures were mixed. As of writing, the 30-year primary contract gained 0.26%, the 10-year primary contract was flat, the 5-year primary contract fell 0.03%, and the 2-year primary contract declined 0.01%.
Commodities: Domestic commodity futures were mostly higher. As of writing, the containerized freight index and fuel oil rose nearly 3%. Asphalt, rubber, and lithium carbonate gained over 1%. Shanghai copper, crude oil, iron ore, caustic soda, Shanghai aluminum, coke, Shanghai silver, and Shanghai nickel all moved higher. Rebar, hot-rolled coil, industrial silicon, platinum, pulp, ferromanganese silicon, Shanghai gold, soybean meal, coking coal, and eggs declined. Aluminum oxide, Shanghai tin, glass, and palladium fell over 1%, polysilicon dropped more than 3%, and rapeseed declined over 4%.
10:07 The chemical sector continued to climb, led by large-scale refining and organic silicon stocks. Hesheng Silicon and Sanfangxiang hit the daily upside limit. Earlier, Dongyue Silicon, Xin'an Shares, Youfu Shares, and Hengyi Petrochemical, among others, had also reached the limit. Guang Kang Bio, Shenma Shares, Guibao Technology, and Luxi Chemical were among the top gainers.
09:52 Memory chip concept stocks rebounded in early trading. Tongyou Technology surged over 10%, followed by gains in Biwin Storage, Demingli, Weice Technology, and Puran Shares.
The movement follows Samsung Electronics' confirmation that after raising DRAM contract prices by 100% in the first quarter, prices will see another sequential increase of about 30% in the second quarter. Samsung confirmed it completed price negotiations with major clients and signed supply contracts by the end of March. The 30% price hike encompasses HBM used in AI chips, as well as general-purpose DRAM for PCs and smartphones.
09:51 The lithium battery sector showed strengthening momentum. Nuode Shares and Weilan Lithium Core hit the daily limit. Bolishi威 rose over 10%, while Penghui Energy, Jiayuan Technology, Defu Technology, and Times Universal Holdings advanced more than 5%.
09:49 The ChiNext Index rose over 1%, the Shanghai Composite Index gained 0.5%, and the Shenzhen Component Index increased 0.92%. Organic silicon, copper foil, batteries, and chemicals led the gains. More than 4,200 stocks across the Shanghai, Shenzhen, and Beijing exchanges advanced.
09:41 Innovative drug concept stocks experienced a rapid decline. Haiwang Biology touched the daily downside limit, while Rongchang Biology fell over 10%. Guang Sheng Tang, Rundu Shares, Sansheng Guojian, Shuanglu Pharmaceutical, Haite Biology, and others dropped more than 6%.
09:39 Fiber optic concept stocks showed repeated strength. Huiyuan Communications marked its third consecutive daily limit-up涨停. Tongding Interconnection and Huamai Technology also hit the limit. Tongguang Cable, Zhongtian Technology, and Changyingtong were among the leaders.
This movement is supported by data confirming a global fiber optic price surge driven by AI data center construction and geopolitical demand. As of April 6, 2026, the latest data shows prices for China's G652.D fiber have surged over 400% from last year's low. Institutions project the global supply-demand gap will widen to 15% during 2026-2027.
09:34 The cross-border payment concept saw volatile gains. Cuiwei Shares marked its second consecutive limit-up涨停. Sfcc, Chutian Dragon, Lakala, Yuyin Shares, and Zhongyou Capital followed with increases.
Data from Cross-Border Interbank Payment System Co., Ltd. showed the average daily transaction value for the RMB Cross-Border Interbank Payment System reached 920.5 billion yuan, the highest in the past 12 months. Furthermore, on April 2, the single-day transaction value climbed further to 1.22 trillion yuan.
09:33 Organic silicon concept stocks showed widespread strength in early trading. Dongyue Silicon hit the 20% daily limit-up. Guibao Technology, Xin'an Shares, Chenguang New Materials, and Hesheng Silicon followed with gains.
09:27 Consumer electronics concepts were active at the open, led by the foldable screen segment. Furong Technology opened at the daily limit-up. Yi'an Technology rose over 9%. Zhidongli, Jingyan Technology, Liande Equipment, Anjie Technology, Dafu Technology, and others opened higher.
According to media reports citing industry sources, Foxconn has begun trial production of a foldable iPhone for Apple.
09:21 The Shanghai Composite Index opened 0.1% higher, while the ChiNext Index rose 0.42%. Apple supply chain, industrial gases, memory chips, semiconductor materials, HBM, and lithium mining concept stocks led the gains. Phosphorous chemicals, photovoltaics, CPO, and gold themes weakened.
09:01 At the commodity futures open, the primary ethylene glycol contract rose over 5%. Methanol gained over 4%. Polypropylene and plastics advanced over 3%. The Europe containerized freight index, para-xylene, and styrene rose over 1%. Polysilicon fell over 2%.
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